Iciena’s Benchmark vs. Peers May 13, 2007
Week’s back, I started measuring Iciena’s stock price against its Canadian peers. Here is the website I used as a watch list – and to sort by price click on the Last Price (C$) column to set the list by ascending or descending price. I wanted to use this as a gauge to measure relative performance from one week to the next.
https://www.miningnerds.com/diamonds-mining-report-canada
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4 – weeks ago Iciena was:
111th out of a possible 144 with a closing price of 0.18 cents April 20, 2007
3 - weeks ago Iciena was:
115th out of a possible 144 with a closing price of 0.16 cents April 27, 2007
Last week Iciena was:
112th out of a possible 144 with a closing price of 0.17 cents May 04, 2007
This week Iciena was:
118th out of a possible 144 with a closing price of 0.13 cents May 11, 2007
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Summary standings:
Dropped in standings by 4 positions from the top.
Price decreased from last week 0.04 cents or 29.4%
Volume for the Week of April 16 - 673,762
Volume for the Week of April 23 - 1,148,600 (increased by 474,838)
Volume for the week of April 30- 1,452,870 (increased by 304,270)
Volume for the week of May 07- 2,608,725 (increased by 1,155,855)
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Daily Price summary:
IIE - ICIENA VENTURES INC.
2007-05-11 V 0.18 0.125 0.14 -0.025 828000
2007-05-10 V 0.17 0.13 0.165 +0.035 946000
2007-05-09 V 0.145 0.13 0.13 -0.005 179000
2007-05-08 V 0.16 0.125 0.135 -0.025 332225
2007-05-07 V 0.16 0.145 0.16 -0.01 323500
2007-05-11 Iciena options Botavi from Cons AGX, Mineradora
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Notes:
Anonymous continues to lead the selling pack with 1,109,000 shares unloaded this week or 42.5 percent of all the shares sold. The next largest seller was Blaclmount with 350,000 shares or 13.4 percent. The top two buyers for the week were TD (Largest buyer two weeks in a row) with 787,500, (30%) and Canaccord in at second with 354.500 or 13.5 %.
Here is the link to Iciena’s Insider activity: (No recent activity)
https://www.canadianinsider.com/coReport/allTransactions.php?ticker=IIE
The short positions is back to a neutral or no short position as of April 30, 2007:
IIE - V 2007-04-30 -95,000 (ZERO)
IIE - V 2007-04-15 95,000 95,000
Late in the week (Friday) Iciena put out the news that an agreement has been reached with Iciena holding Majority interest in the Brazilian Batovi property with the operator, Chuck Fipke holding 10 percent carried interest.
News Release:
Iciena options Botavi from Cons AGX, Mineradora
2007-05-11 09:46 ET - News Release
Also News Release (C-CSX) Consolidated AGX Resources Corp
Mr. Richard Bachman of Iciena reports
ICIENA VENTURES ACQUIRES THE BOTAVI DIAMOND PROPERTY IN BRAZIL
Iciena Ventures Inc. has entered into a property option agreement to acquire an 80-per-cent interest in certain Brazilian mineral exploration concessions which collectively comprise the Botavi diamond project. Iciena currently owns a 20-per-cent interest in the Botavi diamond project which was acquired in 2002. The remaining interests in the Botavi diamond project were acquired from 0787522 B.C. Ltd., a wholly owned subsidiary of Consolidated AGX Resources Corp. and Mineradora Ltda., a private Brazilian exploration company. Each of the vendors owned a 40-per-cent beneficial interest. The Botavi diamond project is located in the Paranatinga diamond district of north-central Mato Grosso state, Brazil, and consists of seven mineral claims with an approximate geographic area of 63,000 hectares.
Iciena currently beneficially owns approximately 152,000 hectares of property contiguous to the concessions being acquired in the Paranatinga diamond district thereby unifying the district and holding a combined 215,000-hectare exploration project. The reader is referred to an NI 43-101 report filed on SEDAR on April 15, 2005, by Iciena documenting geologic features of the Paranatinga district. The report notes that more than 40 kimberlite bodies are known to exist in the district.
Subject to TSX Venture Exchange approval, and any other regulatory or shareholder approvals that may be required, Iciena is required to issue to each of Mineradora and AGX five million fully paid and non-assessable shares within 10 business days of receipt of all approvals. In addition to the share consideration, Iciena is required to undertake and spend $2-million in exploration expenditures on or before the second anniversary of the date all approvals are received.
In connection with the transaction, Iciena has agreed to retain Kel-Ex Developments Ltd., a company associated with Dr. Charles Fipke, as operator for the project. In consideration for its obligations as operator, Kel-Ex Developments will earn a 10-per-cent interest in the Botavi diamond project.
Richard Bachman, chief executive officer of Iciena, stated, "With this transaction, the company unifies the northern portion of the district and allows for the start of an aggressive exploration program for diamond-bearing kimberlites with partners such as Charles Fipke and Kel-Ex that bring a world-class diamond exploration group to the team."
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Now that agreements are in place – Iciena can advance the promotional campaign to let the story be known. In my opinion – Assay results must be released and will be the “tell all” of how the story will unfold. Looking at the agreement that was disseminated – the other two players, CSX (Kathrine) and Mineradora (Chuck) received a handsome premium for the percentages given up… With the amount of talks that transpired, I drew the conclusion the negotiations were lengthy, if not heated at times to ensure everyone was well positioned moving forward.
We are matching closer to the free trading stock that comes due on May 20, 2007. One must remember when the financing was done it was written in a fashion to point on the very fact the stock was going into strong hands…. Some of the names may stand out to you, as they do for me… but in my opinion, are strong holders…with a large portion into PRO groups hands and I was also told a large portion was tailored to Chuck Fipkes associates.
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2007-01-16 16:39 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Sept. 27, 2006, and amended Dec. 22, 2006.
Number of shares: 35 million
Purchase price: 10 cents per share
Warrants: 17.5 million share purchase warrants to purchase 17.5 million shares
Warrant exercise price: 15 cents for a two-year period with an option to accelerate the expiry date of the warrants forming part of the units to the date that is 30 days following the date a news release is issued by the issuer announcing that the published closing price of the common shares of the issuer on the exchange has been greater than 20 cents for 30 consecutive trading days after the hold period has expired
Number of placees: 130 (aprox 12 million)
Pro group participation: Dallas Fahy, 100,000; Gus Wahlroth, 200,000; Jasson Aisenstat, 100,000; Harley Mayers, 200,000; Lynda Watson, 100,000; Bob Shewchuk, one million; Robert Sali, 2.5 million; Richard Cohen, 500,000; Hazel Bennett, 100,000; Jeff German, 100,000; Gayle Elliott, 20,000; Elizabeth Morrison, 50,000; Roman Haas, 100,000; Margaret Haas, 100,000; David Lyall, one million; Maurice Colson, 500,000; Darcy Higgs, 1.21 million; Martin Tielker, 50,000; Sean Gallagher, one million; Dan Seites, 100,000; Burton Egger, 400,000; Morquest Trading Company (Al Morishita/Shayne Nyquvest), 450,000; Payton Nyquvest, 50,000; 310-831 BC Ltd. (Shayne Nyquvest), 100,000; Dean Duke, 610,000; Andrew Statham, 25,000; Julie Catling, 50,000; Xaviera Tam, 10,000; Peter Chu, 200,000; Teepy L.C. Tang, 100,000; Batell Investments Ltd. (Ken Bates/David Elliot), 250,000; David Elliot, 500,000; David Shepherd, 250,000; Andrew Williams, 250,000
Insider participation: Donald Morrison, 175,000; Noramco Capital Corp. (R.A. Bruce McDonald), 1.83 million
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If you ask am I at all concerned about the free-trading stock coming available? You BET! But I take great comfort in the notion that Brazil has yielded millions of diamonds historically and to this very day nobody has untapped the source. Also – the very fact a lot of work has been performed on these properties by the BIGBOY explorers prior to Chuck and Iciena acquired the claim rights. Millions has been spent on these properties and all these reports were available to us and afforded us a very large head start. Chuck Fipke has spent enormous amounts of time in BRAZIL and some rumors floating around SUGGEST that Chuck advanced exploration further then TOLD on his own initiative (cost) over the years.
I will sign off for know by saying – the story line has only begun with 4 – 6 years of secretive results to “be told”, plus the very fact we have 2 or 3 of the very best promoters involved, including a legendary operator. IN my opinion – STAY TUNED as Dr. Chuck Fipke gets the spotlight again as he tells us a Brazilian story.
The Sunday speculative question for today is: Is the story not only good enough to absorb the free trading shares coming out… but will it be material enough to make history written again, AND CREATE THE BUZZ NEEDED to put the good doctor back into the lime light??
Watching LONG regards,
Tommer3
PS: Will Purcell – Got your notepad and pen out? You might need them sooner then you think…..?